First Solar Awarded 140MW Module Supply Contract for Australia’s Largest Solar Project
February 08 2017 - 05:00PM
Business Wire
First Solar, Inc. (Nasdaq: FSLR) today announced it has been
awarded the module supply contract for the 140 megawatt (MW)DC Sun
Metals Solar Farm in North Queensland (QLD), Australia. It will be
Australia’s largest solar project once constructed, and utilize
more than 1,167,000 First Solar advanced thin-film photovoltaic
(PV) modules to produce approximately 270,000 megawatt-hours of
energy in its first year of operation. Situated 15 kilometers south
of Townsville, the project will supply electricity to the Sun
Metals zinc refinery, which is a member of the Korea Zinc Group and
a world leader in metal processing technology.
“Large-scale solar is fast becoming one of the most
cost-effective sources of energy generation in Australia. This
project represents the viability of the commercial and industrial
solar market in Australia, and the growing trend of major energy
consumers owning and operating renewable energy assets,” said Jack
Curtis, First Solar’s Regional Manager for Asia Pacific.
With a proven track record across the solar value chain in
Australia, First Solar is also the country’s leading module
supplier for large-scale solar projects.
“The performance and reliability advantages inherent to First
Solar’s technology in Australia are well known, and we’re pleased
to support this historic project,” said Curtis.
First Solar technology has a higher energy yield than
crystalline silicon technology in Australia due to its lower
temperature coefficient, linear shading response and superior
spectral response. This advantage is of particular importance in
hot and humid climates such as Townsville, and over the course of a
project’s operational life will translate to more energy output for
Sun Metals.
“Sun Metals is pleased to sponsor this landmark project for
Australia, and we recognize the importance of quality and
performance in every choice we have made for the delivery of the
project,” said Yun Choi, Sun Metals’ CEO and Vice President Korea
Zinc. “There is significant value in partnering with trusted and
reliable partners like First Solar. The development and realization
of the project will benefit from First Solar’s broad capabilities
and market experience, in addition to their industry leading
technology.”
RCR Tomlinson Limited will manage the engineering, procurement
and construction (EPC) of the project. Construction is scheduled to
commence in April 2017.
“This is another milestone in our valued relationship with First
Solar,” said Paul Dalgleish, RCR’s Managing Director and Chief
Executive. “RCR is a leader in the EPC delivery of large-scale
solar farms, and the inclusion of First Solar’s technology, with
which we have extensive experience, will ensure the success of the
project is maximized for all involved.”
On completion, the project is expected to generate enough solar
energy to displace approximately 248,000 metric tons of carbon
dioxide annually, the equivalent of taking nearly 66,000 cars off
the road.
About First Solar, Inc.
First Solar is a leading global provider of comprehensive
photovoltaic (PV) solar systems which use its advanced module and
system technology. The company’s integrated power plant solutions
deliver an economically attractive alternative to fossil-fuel
electricity generation today. From raw material sourcing through
end-of-life module recycling, First Solar’s renewable energy
systems protect and enhance the environment. For more information
about First Solar, please visit www.firstsolar.com.
For First Solar Investors
This release contains forward-looking statements which are made
pursuant to safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
include statements, among other things, concerning: effects on our
financial statements and guidance resulting from certain module
manufacturing changes and associated restructuring activities; our
business strategy, including anticipated trends and developments in
and management plans for our business and the markets in which we
operate; future financial results, operating results, revenues,
gross margin, operating expenses, products, projected costs
(including estimated future module collection and recycling costs),
warranties, solar module efficiency and balance of systems cost
reduction roadmaps, restructuring, product reliability, investments
in unconsolidated affiliates and capital expenditures; our ability
to continue to reduce the cost per watt of our solar modules; our
ability to reduce the costs to construct PV solar power systems;
research and development programs and our ability to improve the
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First Solar MediaJennifer
Abbott+61-2-9002-7736jennifer.abbott@firstsolar.comorFirst Solar
InvestorsStephen Haymore+1
602-414-9315stephen.haymore@firstsolar.com
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